James Butterfill, who leads research at CoinShares, shared in an interview that Bitcoin could eventually reach $250,000. To give you some perspective, that’s more than double its current price. If Bitcoin hits that target, its market value would make up about 25% of gold’s market share. Right now, it’s at roughly 10%. According to Butterfill, this kind of growth isn’t unrealistic.
But before you get too excited, he doesn’t expect this to happen overnight. Butterfill made it clear that predicting when Bitcoin might reach $250,000 is tricky, and he doesn’t see it happening this year or even in 2025. Instead, he believes it’s a long-term possibility.
What Could Happen by 2025?
Looking at a shorter timeline, Butterfill predicts Bitcoin could reach $80,000 in 2025 and possibly peak at $150,000. That’s still a big jump from its current value and shows the potential many experts see in Bitcoin.
However, there’s a catch. He warns that the Bitcoin price might drop sharply if the newly elected US president, Donald Trump, doesn’t follow through on expected pro-crypto policies. Many investors are hopeful that Trump’s administration will create a more favorable environment for Bitcoin, but disappointment in this area could lead to market corrections.
One of the main reasons experts like Butterfill are optimistic about Bitcoin is the current regulatory climate in the US. A supportive environment can attract more investors, which could push Bitcoin’s price higher. He suggests this could lead to Bitcoin increasing by over 60% this year alone.
Where Is Bitcoin Right Now?
At the time of writing, Bitcoin is trading around $95,780, showing a small 2.2% increase in the last 24 hours. If you’re wondering why the price is so high, remember that Bitcoin’s supply is limited, and demand continues to grow.
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